Sony sees interim profits fall despite strong Playstation salesRichard WilsonConsumer electronics giant Sony has seen half year profits slide by almost 25 per cent, in the six months to September.
Sony, which exports over two-thirds of its products, said that its reports were hit by the affects of the strong yen. For example the high value of the Japanese currency against the dollar completely wiped out the healthy increase in profits from Sony's Playstation sales in the US and Europe. Sony's net profit was 24.5 per cent lower at Yen 64.9bn ($607m).
Another Japanese electronics manufacture Toshiba saw first half losses deepen to Yen 46bn ($430m) as it grappled with lower than expected profits from the semiconductor business. The fall in DRAM prices in the last few months was a major factor.
Toshiba's revenues were 3 per cent lower for the six months.